The idea of starting a new business is an exciting prospect but there are many obstacles to overcome. The financial decisions made early on often dictate whether a new business will succeed or fail. For example, securing the right business structure is an essential part of minimizing your tax burden and maximizing your profits. Don’t risk making a mistake, contact Mundelein, IL CPA firm Frank Haas & Associates, Ltd. for the practical advice you need to make the best decisions for your new business.
We can explain the differences between a C Corp, S Corp, and an LLC. Some structures allow you to protect your personal assets from the company’s liabilities while another might allow your business to be taxed on profits at two different points. We’ll show you how to weigh the pros and cons to determine which structure will bring the most tax benefits now and down the road.
In addition to incorporation services, we offer other essential business advisory services to get your new venture off the ground. We can assist you in obtaining financing, direct you towards the appropriate version of QuickBooks, and develop a personalized tax planning strategy.
We can help you turn your dream of owning your own business into a reality. Contact us today at 224-904-3926 or request your consultation through our website to learn more.